Question

General Motors stock fell from 32$ per share in 2006 to 20$ per share during 2008. A) If you bought and then sold 300 shares all these prices what was your loss B) Exress your loss as a percent of the purchase price

Answer 1

Answer:

Step-by-step explanation:

total purchase price = 32*300 = 9600

total selling price = 20*300 = 6000

Net capital loss =total purchase price- total selling price =9600-6000 =  3600. Purchase price of one share is 32

Selling price of one share is 20

Number of shares bought are 300                                                                           Net % loss = (3600*100)/9600=37.5%